Call reports 2020
MOUNT VERNON BANK AND TRUST COMPANY — 2020
What MOUNT VERNON BANK AND TRUST COMPANY reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 135,247,000 | 142,500,000 | 149,935,000 | 157,258,000 |
| Total loans | 92,425,000 | 91,518,000 | 91,700,000 | 91,809,000 |
| Allowance for loan losses | 996,000 | 1,025,000 | 1,025,000 | 1,047,000 |
| Securities available for sale | 29,253,000 | 36,029,000 | 44,505,000 | 47,749,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 115,649,000 | 120,183,000 | 128,145,000 | 136,642,000 |
| Interest-bearing deposits | 99,996,000 | 100,803,000 | 106,180,000 | 113,209,000 |
| Noninterest-bearing deposits | 15,653,000 | 19,380,000 | 21,965,000 | 23,433,000 |
| Equity capital | 19,166,000 | 19,616,000 | 19,884,000 | 20,139,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 1,315,000 | 2,692,000 | 4,025,000 | 5,260,000 |
| Interest expense | 264,000 | 484,000 | 673,000 | 847,000 |
| Net interest income | 1,051,000 | 2,208,000 | 3,352,000 | 4,413,000 |
| Noninterest income | 158,000 | 241,000 | 550,000 | 739,000 |
| Noninterest expense | 662,000 | 1,502,000 | 2,208,000 | 3,046,000 |
| Provision for loan losses | 15,000 | 50,000 | 50,000 | 75,000 |
| Pretax income | 554,000 | 919,000 | 1,666,000 | 2,053,000 |
| Income tax | 132,000 | 217,000 | 394,000 | 494,000 |
| Net income | 422,000 | 702,000 | 1,272,000 | 1,559,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 18,772,000 | 18,983,000 | 19,237,000 | 19,462,000 |